Fundacion Jose LA Makina Berrios Inc

Analysis

Fundacion Jose LA Makina Berrios Inc is a registered charity in United States, based in Coto Laurel, PR. It received its IRS tax-exemption ruling in April 2020, 6 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Fundacion Jose LA Makina Berrios Inc reported income of $1.3m and spending of $256k, leaving 80% of income unspent that year. Across the 2 years on record, from December 2020 to December 2023, income grew from $139k to $1.3m (+839%), an average of +839% a year. The sharpest change came in the year to December 2023, when income rose by 839%. Over the whole period it spent 18% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Fundacion Jose LA Makina Berrios Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 76th percentile within PR. Charities of a similar size with the same main cause include Twin Pike Family YMCA ($1.3m), New Jersey Physicians Advisory Group Inc ($1.3m) and Sanpete Pantry ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m.